Cooper and Ezzamel (2013) examine the role of management control systems, in particular the importance of designing effective performance measurement systems in a multinational context. Outline and discuss any four performance measurement systems that can be usefully developed and used by multinational corporations. (Minimum word limit 500 words).

[The following information applies to the questions displayed below.]

Pacific Ink had beginning work-in-process inventory of $802,560 on October 1. Of this amount, $335,200 was the cost of direct materials and $467,360 was the cost of conversion. The 59,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs.

During October, 124,000 units were transferred out and 41,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,094,000 for direct materials and $3,893,400 for conversion.

Required:

a. Compute the equivalent units for the materials and conversion cost calculations.

b. Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.

c. Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.)

1. Smith Corporation is reviewing the following transactions for its year-ended December 31, 2015. Determine the proper balance sheet presentation and amounts for each item:

   Indicate the:

   1. Name of the account to use.
   2. Whether it is current or long-term, asset or liability.
   3. The amount.

   Show computations where necessary. If you could copy and paste each line item, and then give your answer, that would be superior.

   1. On December 15, 2015 the company declared a $2.50 per share dividend on 400,000 shares of common stock outstanding, to be paid on January 5, 2016.
   2. The amounts receivable account includes $50,000 due in three years from employees.
   3. At December 31, bonds payable of $200,000,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $50,000,000 every September 30.
   4. Included in long-term investments are 10-year U.S. Treasury bonds costing $500,000 that mature March 31, 2016. The bonds were purchased November 20, 2015.

Stock options prices are affected by a number of factors and arbitrage arguments are used to find the fair values of these options.

(1)    Explain the three reasons why the early exercise of an American call option on a non-dividend paying stock is never optimal.

(approx. 100 words)

Raymond opened the Muscles Fitness Gym in August. The Following transactions occurred during the first month of the business:

a) Raymond invested P100,000 in cash and 30,000 in gym equipment in the business.

b) Paid P10,000 for the first month’s rent.

c) Purchased supplies costing P4,000 on credit.

d) Purchased exercise equipment costing P25,000 for 15,000 cash and the rest on account.

e) Recorded income for the first half of the month of P6,500 in cash and P3,500 on account.

f) Paid P2,750 to a creditor on account.

g) Received payment from a customer on account for P1600.

h) Raymond withdrew P500 for a graduation gift.

i) Paid aerobics instructor her salary, P3,000.

j) Paid miscellaneous expense P1,500

k) Recorded income for the second half of the month of P5,600 in cash.

Prepare a new accounting equation every time a transaction occurs.

Kozlov Corporation has provided the following data from its activity-based costing system:

The company makes 440 units of product A21W a year, requiring a total of 820 machine-hours, 50 orders, and 20 inspection-hours per year. The product's direct materials cost is $35.32 per unit and its direct labor cost is $29.32 per unit. According to the activity-based costing system, the average cost of product A21W is closest to:

$97.38 per unit.

$68.14 per unit.

$64.64 per unit.

$95.76 per unit.

$52.25 per unit.

Cost of Production and Journal Entries

Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March.

a1. Prepare the March journal entry for the Papermaking Department for the materials charged to production.

a2. Prepare the March journal entry for the Papermaking Department for the conversion costs charged to production. If an amount box does not require an entry, leave it blank.

a3. Prepare the March journal entry for the Papermaking Department for the completed production transferred to the Converting Department. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar.

b. Determine the Work in Process—Papermaking Department March 31 balance. If required, round your interim calculations to two decimal places and your final answer to the nearest dollar.
$

Please answer the following Question in 300 word count Please answer in your own Count. if citing source please add reference at the end of question.

You are the chief financial officer (CFO) at a community hospital. One of the comments that has come back from patient surveys is the need for a commercial 24-hour pharmacy within the hospital. In this way, patients or their families will be able to fill prescriptions and begin taking ordered medication right away instead of waiting until the following day. The chief executive officer (CEO) wants you to create a proposal for the first 3 months of operation utilizing time value of money tools for the development of this new revenue-generating department. The following points must be covered in your proposal:

• Include and discuss the need for working capital to include 2 months of startup drug inventory, vendor financing arrangements, personnel costs including salaries and benefits, renovations, disposable supplies, and cost of equipment

In determining the meaning of a contract under the UCC, which of the following will have first priority?

A. Course of Performance

B. Course of Dealing

C. Usage of Trade

D. Express Terms

1. Net Income:
2. Ending Balance Retained Earnings:
3. Total Assets or Total Liabilities and Owners’ Equity:

Hirsch Company buys inventory for $10,000 on terms of 1/10, n/30. It pays within the discount period.

Last year Strimmenos Inc. budgeted for production and sales of 9,000 units. The company actually produced and sold 8,640 units. Each units has a standard requiring 0.5 pounds of materials at a budgeted cost of $2.33 per pound and 1.36 hours of assembly time at a cost of $8.95 per hour. The items sell for $165 each. Actual cost for the production of 8,640 units included 4,538 pounds of materials at $2.3 per pound and $109,400 for labor at $9.24 per hour.

Required:

Calculate the following (label each result as favorable or unfavorable )

A. Material price variance

B. Material quantity variance

C. Material cost variance

D. Labor rate variance

E. Labor efficiency variance

F. Labor cost variance

Senior management has asked you, as a department manager, to evaluate 2 potential products for implementation at JCC Hospital. The hospital has provided $10,000 funding for the project and, in compliance with the board of director’s direction for a minimum return of 12%, will only accept a project meeting, or exceeding, this requirement. You best friend, the hospital controller, has helped to develop the projected cash flows for both the addition of a new patient service (option A) and a refurbishment of an existing CT scanner:

1. Addresses at least 3 capital budget measures (payback period, NPV, IRR, etc.) based on the hurdle rate.
2. Present what you believe to be the major advantages and potential risks for implementing a new service or refurbishing an existing asset.

suppose, your company typically charges $150 per pair of shoes sold. You have received an order from a foreign distributor to buy 10,000 pairs at $95 per pair. Should you accept this new order? How do you decide? What is the decision rule to follow?

What are some quantitative and qualitative factors that should be considered?

At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $25 million attributable to a temporary book-tax difference of $100 million in a liability for estimated expenses. At the end of 2021, the temporary difference is $64 million. Payne has no other temporary differences. Taxable income for 2021 is $180 million and the tax rate is 25%. Payne has a valuation allowance of $10 million for the deferred tax asset at the beginning of 2021.

Required:1. Prepare the journal entry(s) to record Payne’s income taxes for 2021, assuming it is more likely than not that the deferred tax asset will be realized.2. Prepare the journal entry(s) to record Payne’s income taxes for 2021, assuming it is more likely than not that only one-fourth of the deferred tax asset ultimately will be realized.